Press release
Global Rapid Microbiology Testing Market to Reach $10.62 Billion by 2032 | Key Players: bioMérieux, Bio-Rad & Danaher Corporation
The rapid microbiology testing market size was valued at USD 4.53 billion in 2023. It is projected to grow to USD 10.62 billion by 2032, exhibiting a compound annual growth rate of 9.9% from 2024 to 2032.
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Market Definition
Conventional culture-dependent microbiological analysis approaches are of very excessive value in PAT. They are time-consuming, but as rapid microbiology testing continues to advance, becoming more competent in generating outcomes in real-time will be excessively useful as punctual microbiological data is frequently crucial not only for product discharge but also for ongoing process observation and regulation.
Growth Drivers and Opportunities
• Several reasons have contributed to the expansion of the rapid microbiology testing market in recent years. Among these is the augmenting biopharmaceutical industry, which concentrates on drug advancement and making. These tests are important for the standard and security of pharmaceutical commodities.
• The market size will expand due to the growing cases of detrimental illnesses, which have led to speedy and accurate diagnostic methods. Rapid microbiology testing surfaces as an important solution in this regard providing timely recognition of pathogens to sanction punctual cure and constraint of contaminations.
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Key Players
The aggressive topography of the market is portrayed by the existence of many key contenders contesting to provide inventive solutions. Here is the list of the leading companies operating in the rapid microbiology testing market:
Abbott Laboratories
Becton Dickinson
bioMérieux SA
Bio-Rad
Creative Diagnostics
Danaher Corporation
Hi-Media
Liofilchem
Geographical Landscape:
Asia Pacific is expected to grow at the fastest CAGR in rapid microbiology testing market. Emerging markets such as China, India, and Southeast Asian countries offer substantial growth prospects for market players due to rapid urbanization, industrialization, and population growth, driving the need for improved healthcare infrastructure and diagnostic solutions.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Segmentation Overview
The rapid microbiology testing market analysis is mainly based on product type, method, application, end-use industry, and region. Based on product type, the instruments segment witnessed the fastest growth. It encloses a broad gamut of progressive technologies and instruments utilized for rapid microbiology testing.
According to the application, the clinical disease diagnosis segment holds a significant revenue share. There has been a surge in communicable illnesses globally escalating the demand for this segment.
Rapid Microbiology Testing, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
Instruments
Reagents and kits
Consumables
Rapid Microbiology Testing, Method Outlook (Revenue - USD Billion, 2019 - 2032)
Growth-Based Rapid Microbiology Testing
Cellular Component-Based Rapid Microbiology Testing
Nucleic Acid-Based Rapid Microbiology Testing
Viability-Based Rapid Microbiology Diagnostic Testing
Other Rapid Microbiology Testing Methods
Rapid Microbiology Testing, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Clinical Disease Diagnosis
Cosmetics and Personal Care Products Testing
Environmental Testing
Food and Beverage Testing
Pharmaceutical and Biological Drug Testing
Research Applications
Other Applications
Rapid Microbiology Testing, End-Use Industry Outlook (Revenue - USD Billion, 2019 - 2032)
Laboratories and Hospitals
Food and Beverage
Pharmaceutical and Biotechnology
Other
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